Tue, Dec 6, 2022 4:40 PM
STATS Perform dba Automated Insights
NEW YORK (AP) _ MongoDB Inc. (MDB) on Tuesday reported a loss of $84.8 million in its fiscal third quarter.
The New York-based company said it had a loss of $1.23 per share. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The database platform posted revenue of $333.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $302.4 million.
For the current quarter ending in January, MongoDB expects its per-share earnings to range from 6 cents to 8 cents.
The company said it expects revenue in the range of $334 million to $337 million for the fiscal fourth quarter.
MongoDB expects full-year earnings in the range of 29 cents to 31 cents per share, with revenue expected to be $1.26 billion.